Weekly Rentals Analysis?

[Jeff Hink]

Anybody have a good way of analyzing a weekly vacation rental condo or house?

[Rob Beland]

I would do it the same way you would analyze any rental property except all of your income will possibly be coming in during a shorter period so you want to be sure you can save and carry the property through the off-season. Also, you need to research the market in the area where the rental is just like you would analyze the market for residential apartments to be sure you are not overpriced or underpriced. If it's a condo, check out the financials of the condo association and be absolutely sure they have money and they have a good leadership team in place such as a board of directors or management company. You will be paying all utilities in this case so be sure that is factored into your financial analysis.